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How is the Marshall Fire affecting the real estate market?
More than 1,000 homes burned to the ground during the Marshall Fire, making already low housing inventory even worse. BOULDER, Colo. — More than 1,000 homes burned to the ground during the Marshall Fire, at a time when there are already too few homes on the market in Colorado. Almost a month later, the fire’s immediate impact on the housing market is starting to become clear. “I think most of us thought that there was just no way it wouldn’t hurt Superior and Louisville and the homes still left standing, in that how would anyone be able to buy and sell amidst this devastation?” said Kelly Moye, a Broomfield/Boulder-based real…
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Mega-mansion dubbed ‘The One’ could shatter real estate sales records
by: Dillon Davis, Nexstar Media Wire Posted: Jan 23, 2022 / 11:00 AM CST / Updated: Jan 22, 2022 / 12:24 PM CST LOS ANGELES (KSWB) – A massive 105,000-square-foot estate dubbed “The One” goes up for auction next month in Bel Air in what potentially could be one of the most expensive U.S. home sales in history. Sitting on 3.8 acres of land with scenic views from the upscale Los Angeles neighborhood, the home at 944 Airole Way was listed for sale on Jan. 7 for $295 million with bidding through Concierge Auctions scheduled to take place from Feb. 28 to March 3. The so-called “once-in-a-lifetime gargantuan estate” features…
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What $560k(ish) gets you in D.C. real estate
The median sold price for homes in the D.C. region in December was $560,000. The District’s December median sale price was $664,750, an 8.3% decrease from Nov. 2021, but a 3.9% increase from Dec. 2020. Montgomery County’s median sale price was $519,000, a 1.1% decrease from Nov. 2021, but an 8.1% increase from Dec. 2020. The big picture: Home prices are down slightly, and they’re spending a bit more time on the market. Yes, but: Despite slowing down a bit, the market is still seeing more activity than pre-pandemic years. Here’s what’s on the market for the median sold price point in the D.C. area. 235 Florida Ave NW #2…
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Companies are spending millions on virtual real estate in the Metaverse
While most of us still can’t afford to buy a house in the real world, investors are pouring millions of dollars into buying up virtual land in fake ones. CNBC reports that since Facebook made the move towards becoming Meta, prices of digital plots have gone up by as much as 500%. One company reported spending over $2.5 million USD on land in Decentraland, a metaverse based around crypto complete with its own currency where every piece of content in the game is owned, completely autonomously, by the players. Another firm revealed spending $4.3 million buying a plot of land in Atari’s The Sandbox metaverse. Tips and advice (Image credit:…
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Fargo, North Dakota, real estate: What you can get for $1.4M
FOX Business’ Madison Alworth explains how homeowners and renters alike are feeling market pressure as mortgage and rental costs surge. Fargo, North Dakota, was founded in 1871 on the Red River, and is now the largest city in the state with a population of over 125,000. The city serves as a cultural center for the southeastern part of the Peace Garden State, with an array of events offered at its Fargodome and Civic Center, along with a host of museums and outdoor recreation. Besides kid-friendly attractions like Thunder Road Family Fun Park in the warmer months and ice skating in Broadway Square in the winter, Fargo has an array of…
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East Bay candy factory sells its property to big real estate investor
HAYWARD — A candy manufacturer that was founded 70 years ago by a Russian immigrant has sold its Hayward headquarters and factory property to a New York investment group, public records show. Annabelle Candy Co. has sold several parcels in Hayward, including the site of its factory and head offices, to an affiliate led by Fortress Investment Group, an investment firm with a global reach. Fortress Investment, acting through affiliate CREF3 Industrial Blvd Owner, paid Annabelle Candy Co. $13 million for the property, according to documents filed on Dec. 20 with the Alameda County Recorder’s Office. Annabelle Candy has a long history in the East Bay. Founded in Hayward in…
